Hsbc Holdings PLC Purchases 249,058 Shares of Carnival Co. & plc (NYSE:CCL)

Hsbc Holdings PLC lifted its position in Carnival Co. & plc (NYSE:CCL) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,686,707 shares of the company’s stock after buying an additional 249,058 shares during the quarter. Hsbc Holdings PLC owned about 0.15% of Carnival Co. & worth $31,521,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. TCW Group Inc. acquired a new position in Carnival Co. & during the fourth quarter valued at approximately $280,000. Empowered Funds LLC grew its holdings in Carnival Co. & by 29.4% during the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after purchasing an additional 3,741 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Carnival Co. & by 72.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock valued at $4,223,000 after purchasing an additional 103,501 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Carnival Co. & by 7.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 176,147 shares of the company’s stock valued at $3,266,000 after purchasing an additional 12,017 shares during the last quarter. Finally, Cetera Advisors LLC grew its holdings in Carnival Co. & by 38.3% during the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock valued at $665,000 after purchasing an additional 11,276 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $19.00 on Friday. The stock has a 50-day simple moving average of $16.59 and a 200 day simple moving average of $16.14. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74. The stock has a market capitalization of $21.33 billion, a price-to-earnings ratio of 29.23 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the company earned ($0.31) earnings per share. On average, research analysts anticipate that Carnival Co. & plc will post 1.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Truist Financial raised their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Argus raised their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Mizuho raised their price objective on shares of Carnival Co. & from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus raised their target price on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.63.

Carnival Co. & Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.